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Immensely enjoyable thread.
So far the "haves" are leading by quite a bit.
Lol
Have-nots: How is shouting at the sky going to help your situation?
Ah, the haves and the have nots.
As old as the world itself.
We are fast approaching a tipping point with no turning back. Perhaps a revolution is coming, if not televised then certainly streamed over the internet.
I'm not so sure I would want to be a have since the have nots will be coming for what the haves have.
I will get harassed for what I'm about to say and this is why I was hesitant to post for quite a few months. I don't care anymore!! Something needs to be said! I know who my BULLY is and apparently I was told he was doing that because he is in the real estate business! Let's be clear!! People like him could CARE LESS about the little guy!!
This is not about SUPPLY and DEMAND! THIS IS ABOUT PURE EVIL!!
California property management companies are buying up apartments left and right here in ARIZONA!! They are raising the rent by $200 to $300 a month?? It's DISGUSTING!!
People are being STRIPPED of any money they have left over in order to put a roof over their heads! After they pay the rent, there isn't much to LIVE ON!! It wasn't always this way! It USED TO BE AFFORDABLE!! BUT $300 more each month??? IS THAT NOT DISGUSTING?!! WE CAN'T ALL BE LAWYERS WHO CAN AFFORD OUTRAGEOUS RENTS!!!
It's VERY WRONG!! It boils down to PURE GREED!!
Mind you I will get harassed by a CUT and PASTE SNOB who likes to drag up anything negative on me in the past with prior comments!!
SO BE IT!! I DO NOT CARE ANYMORE!!!
I am speaking up the for the little guy!!
The little guy who is getting OBLITERATED due to GREED!!
Here is the SOLUTION!!
Put a CAP on how much you can raise the rent LEGALLY here in ARIZONA? NOTHING justifies raising it by $300 a month! Nothing!! THAT SHOULD BE MADE ILLEGAL!!! A reasonable adjustment is needed! But hundreds??!! NO WAY!!!
There is no justification other than GREED!!
Soooo everybody wants to be a millionaire today! Isn't that nice?! Slap on a few cheap renovations and claim it's worth the hundreds more each month!! PATHETIC!!
Screw the little guy! Is that your plan? The little guy needs to move out of AZ!! Isn't that what you've said all along so the elite can move in! You STUCK UP SNOBS!!! YOU DISGUST ME!!
ENOUGH IS ENOUGH!! THIS MUST STOP!!
Enjoy your Maserati and your gourmet ice-cream while the little guy struggles to make ends meet!!!
I am not against CAPITALISM!! I am against PURE EVIL MOVES in order to GET RICH with no CONSIDERATION or CARE for the person who is renting your UNIT?! Zero!!
THIS MUST STOP!!
You are EXPLOITING innocent people in order to make a PROFIT!! Bottom line!!
LOL - that is more an example of unrestrained alcoholism than anything else.
$300 a month is nothing right now.
The government is printing so much free money at present that whatever your rent was before 2020 began has less true value at present, even with $300/mo. added, than what you were paying at the end of 2019.
It's that simple... but if you want to magnify that by all of the presently ongoing moratoriums on evictions, then that's another driving factor. The person getting the raw end of your deal is your landlord, not you.
And I say that never having rented anything to anyone in my life.
The American consumer capitalist society works fantastic ! just not for everyone .
Therein lies the problem. Some CEOs and billionaires are beginning to say as much. No, I'm not complaining for myself, as I've had the good fortune to get degrees, and then employment that pays very well.
An economy where the median wage earner cannot afford their own place to live is disfunctional IMO. This has been true in some cities for a long time, and my sense is we are at the tipping point here in Phoenix today. The goal of a thriving economy should be to lift standard of living for the great majority of the populace.
At any rate, this is a more appropriate discussion for Economics forum or maybe Real Estate forum.
Local delivery person? I drive a semi tractor pulling a 40 ft tanker. Not any shmoe can do it. I make $65k per year and fiancee also works, earning $32k per year with a raise coming next month. I busted ass to get where I am now, to find bettering yourself getting you just treading water tells you why more people voted for Biden rather than tRump, and why more and more people are getting disillusioned with capitalism. Work hard and better yourself for almost nothing in return.....
I'm retired now (almost three years), but my story is very similar to yours with respect to salary, working my way up, etc.. The difference is in our age and accumulated assets (mine are much larger due to the much larger number of years I had to accumulate them). Even so, I am priced out of certain markets - there's no way I would consider moving to Hawaii, SoCal, or NYC due to the extremely high home prices. Heck, almost EVERY city in the U.S. has neighborhoods I'm effectively priced out of, and I accept that completely. In fact, I would have LOVED to live close to my work location for the 33 years I was there, but it was located in a pricey neighborhood, so I bought a home twelve miles out, in a crappier neighborhood - but it allowed me to pay that house off, sock money into a 401k, and retire at a reasonable age. It's what "working class" people do if they make close to the median salary in their state, you need to either make concessions, make more money, or start saving and investing, and let time work its magic.
I'm looking for my retirement location currently, and even though I'll be paying cash, am simply not interested in paying $500K for a house that was selling for $250K just a few years ago, to me that's the definition of a bad investment. But as long as there are people willing to pay that price to live in a "hot" location (no pun intended with Phoenix), God Bless 'em. What I have a problem with is 2006, where the banks lent to people with little down and who were buying purely on speculation, and when the bubble popped, they were allowed to simply walk away and stick the banks (and the rest of us) with the embers. But I digress.
You and your fiance are doing well, but are simply being outpaced by those doing better - no shame in that. Maybe they're doing you a favor by your not being able to borrow to the hilt to buy a house that may suddenly deflate when the bubble pops. IMHO, a "bubble" exists anywhere home prices (regionally, not on a neighborhood basis) increase in price well beyond the ability of a person making the median wage's ability to to buy them. Housing should not be viewed as "money making investments", although some do buy and flip them, and do make good money that way. But just like stocks, "buy low, sell high" applies to houses, buying "high" isn't the best way to stay financially viable long term. If you think landlords are getting rich off their renters, then buy a piece of rental property, live in one of the units, rent the others, and join the Dream. Or, buy a small place in a crappier neighborhood (maybe even a mobile home), save and invest, and move up over time. Have you considered buying a 2 or 3-flat and joining the Club?
Location: Live:Downtown Phoenix, AZ/Work:Greater Los Angeles, CA
27,605 posts, read 12,981,670 times
Reputation: 9169
Quote:
Originally Posted by Curly Q. Bobalink
I'm retired now (almost three years), but my story is very similar to yours with respect to salary, working my way up, etc.. The difference is in our age and accumulated assets (mine are much larger due to the much larger number of years I had to accumulate them). Even so, I am priced out of certain markets - there's no way I would consider moving to Hawaii, SoCal, or NYC due to the extremely high home prices. Heck, almost EVERY city in the U.S. has neighborhoods I'm effectively priced out of, and I accept that completely. In fact, I would have LOVED to live close to my work location for the 33 years I was there, but it was located in a pricey neighborhood, so I bought a home twelve miles out, in a crappier neighborhood - but it allowed me to pay that house off, sock money into a 401k, and retire at a reasonable age. It's what "working class" people do if they make close to the median salary in their state, you need to either make concessions, make more money, or start saving and investing, and let time work its magic.
I'm looking for my retirement location currently, and even though I'll be paying cash, am simply not interested in paying $500K for a house that was selling for $250K just a few years ago, to me that's the definition of a bad investment. But as long as there are people willing to pay that price to live in a "hot" location (no pun intended with Phoenix), God Bless 'em. What I have a problem with is 2006, where the banks lent to people with little down and who were buying purely on speculation, and when the bubble popped, they were allowed to simply walk away and stick the banks (and the rest of us) with the embers. But I digress.
You and your fiance are doing well, but are simply being outpaced by those doing better - no shame in that. Maybe they're doing you a favor by your not being able to borrow to the hilt to buy a house that may suddenly deflate when the bubble pops. IMHO, a "bubble" exists anywhere home prices (regionally, not on a neighborhood basis) increase in price well beyond the ability of a person making the median wage's ability to to buy them. Housing should not be viewed as "money making investments", although some do buy and flip them, and do make good money that way. But just like stocks, "buy low, sell high" applies to houses, buying "high" isn't the best way to stay financially viable long term. If you think landlords are getting rich off their renters, then buy a piece of rental property, live in one of the units, rent the others, and join the Dream. Or, buy a small place in a crappier neighborhood (maybe even a mobile home), save and invest, and move up over time. Have you considered buying a 2 or 3-flat and joining the Club?
If I do buy while still working (definitely going to buy in retirement, but not in the Valley, most likely in Kingman), it will probably be a condo or townhouse, as the dream of getting a SFH without having to live in the ghetto (i.e. Maryvale, Alhambra, parts of Estrella and South Phoenix) or in suburban commute hell seems to be slipping away. Fiancee is still in school (while working full time), so if she gets her bachelors (already got her associates) or masters, she can finally make more money, and we'd be better off. Til then, I'm the breadwinner, as for the next year or two, I've topped out on income without taking an over the road job. Hoping to eventually pull a fuel tanker or get a good LTL job, which would bring me up to $80k per year.
That's exactly what I did when I got my CDL and got into trucking
As a former recruiter for a major distribution company, I can tell you that truck drivers are in high demand. We had quite a few guys making 80k+ a year and many companies have big bonus options and offer sign on bonuses.
Don't let anyone tell you that what you do for a living isn't good. Tell them to kick rocks.
I agree with others that you make enough to get into a nice condo!
Local delivery person? I drive a semi tractor pulling a 40 ft tanker. Not any shmoe can do it. I make $65k per year and fiancee also works, earning $32k per year with a raise coming next month. I busted ass to get where I am now, to find bettering yourself getting you just treading water tells you why more people voted for Biden rather than tRump, and why more and more people are getting disillusioned with capitalism. Work hard and better yourself for almost nothing in return.....
I respect your job and it's a critical component of our society. I don't know your age but I didn't make that much when I was younger but continued getting myself more educated and skilled and eventually able to bust through and make the kind of income that allowed me to retire early and live well.
Capitalism is the worst economic system devised, except for everything else. Millions have starved under alternative systems like 100% socialism....embrace that at all of our peril. The rich, such as myself, have an alternative to move where on the globe we want to avoid whatever scheme the authoritarians impose on the populace....you probably would not be so lucky.
Local delivery person? I drive a semi tractor pulling a 40 ft tanker. Not any shmoe can do it. I make $65k per year and fiancee also works, earning $32k per year with a raise coming next month. I busted ass to get where I am now, to find bettering yourself getting you just treading water tells you why more people voted for Biden rather than tRump, and why more and more people are getting disillusioned with capitalism. Work hard and better yourself for almost nothing in return.....
Almost 6 figures between the two of you. Your doing quite well for Phoenix. You need to be paying more in taxes, and you will, with more Democrat politicians being elected. Just like California
I respect your job and it's a critical component of our society. I don't know your age but I didn't make that much when I was younger but continued getting myself more educated and skilled and eventually able to bust through and make the kind of income that allowed me to retire early and live well.
Capitalism is the worst economic system devised, except for everything else. Millions have starved under alternative systems like 100% socialism....embrace that at all of our peril. The rich, such as myself, have an alternative to move where on the globe we want to avoid whatever scheme the authoritarians impose on the populace....you probably would not be so lucky.
Every small business success story has got it start because of Capitalism
And the vast majority of small business people are Republican, followed by Independents, and lastly Democrats.
No surprise that most Small business people know that Democrat Politicians are bad for their businesses, and good for big businesses who pay them off: ie. Apple, Microsoft, Google, Amazon, Facebook. All giant Democrat Allied corporations who can afford to roll over small business people.
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